Shares of an exchange-traded fund that holds seven so-called Big Tech stocks was falling Thursday morning, dragged down by Tesla Inc.’s sharp decline. The Roundhill Magnificent Seven ETF, which holds ...
And the past few quarters of market action have backed that up. Entering Wednesday’s print Tesla’s stock had fallen by 9% or more the day following earnings in five of the past six quarters.
Teslastock was up 20% at $257.13 in late afternoon trading. Shares are on pace for their largest percentage increase since May 9, 2013, when it rose 24.4%, according to Dow Jones Market Data.
The Nasdaq showed decent strength at the closing bell after a brief midday dip in the stockmarket today, led by such software giants as ServiceNow. Teslastock rocketed higher for its biggest ...
Oil futures rise slightly following yesterday's 3% loss although forces weighing down on energy prices remain in place. The new administration is expected to have a downward impact on crude.